Main Street Financial Solutions LLC Acquires 1,413 Shares of The TJX Companies, Inc. (NYSE:TJX)

Main Street Financial Solutions LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,135 shares of the apparel and home fashions retailer’s stock after buying an additional 1,413 shares during the quarter. Main Street Financial Solutions LLC’s holdings in TJX Companies were worth $2,988,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Trueblood Wealth Management LLC increased its position in TJX Companies by 8.5% in the second quarter. Trueblood Wealth Management LLC now owns 4,241 shares of the apparel and home fashions retailer’s stock worth $467,000 after buying an additional 333 shares during the last quarter. Wambolt & Associates LLC increased its holdings in TJX Companies by 1.4% in the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock worth $751,000 after acquiring an additional 94 shares during the last quarter. Eagle Strategies LLC bought a new stake in TJX Companies in the 2nd quarter valued at about $209,000. Cornercap Investment Counsel Inc. purchased a new stake in TJX Companies during the second quarter valued at about $1,264,000. Finally, Achmea Investment Management B.V. boosted its position in TJX Companies by 11.6% during the second quarter. Achmea Investment Management B.V. now owns 242,199 shares of the apparel and home fashions retailer’s stock worth $26,666,000 after purchasing an additional 25,087 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TJX shares. Loop Capital upped their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group raised their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and lifted their price target for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. Finally, StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 7th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $117.85 on Thursday. The company’s fifty day moving average price is $114.01 and its 200-day moving average price is $105.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a market capitalization of $133.19 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.92 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.